Rochester Provides Updated NI 43-101 Technical Report on Mina Real Property, Nayarit, Mexico
October 20 2008 - 9:00AM
Marketwired
Rochester Resources Ltd. (TSX VENTURE: RCT)(OTCBB:
RCTFF)(FRANKFURT: R5I) is pleased to announce that an updated
technical report has been prepared on the Mina Real Property in
Nayarit, Mexico dated Sept. 30, 2008 by Victor A. Jaramillo, M.Sc.
(A), and P.Geo. of Discover Geological Consultants Inc. Mr.
Jaramillo on his most recent visit to the Mina Real Project was
able to review geological work completed to date, such as drill
data, examine drill core, underground geological information,
geochemical data and maps of the property.
To view the entire 43-101 Technical Report please click here:
http://media3.marketwire.com/docs/rct1020a.pdf
Or please visit our website at www.rochesterresources.com.
Significant highlights from the report include:
A geological potential has been estimated for the Florida-4 vein
system taking into consideration parameters that are discussed in
the report. This potential is provided in ranges as required by NI
43-101 reporting standards.
For the lower end range equals 225m depth x 2,000m length x
0.50m wide x 2.5 s.g. equals 562,500 tonnes with grades of 4.0 g/t
gold and 60 g/t silver
For the upper end range equals 450m depth x 2,000m length x 1.0m
wide x 2.5 s.g. equals 2,250,000 tonnes with grades of 8 g/t gold
and 100 g/t silver
The range provided includes the following assumptions:
1. A very well mineralized mining horizon that ranges from 1350m
to 900m elevation;
2. A vein width ranging between 0.5m and 1.5m (we will use 1.0m
for upper range);
3. A 2.0 kilometre strike length as defined from surface
outcrop;
4. A specific gravity of 2.5
The above geological potential is for one vein only. The Mina
Real Property comprises approximately 20 veins that have been
identified to date (to view Figure 1 please click on:
http://media3.marketwire.com/docs/rct1020b.jpg). The writer
believes the geological potential to be considerable.
Cautionary statement: Investors are cautioned that the potential
quantity indicated above is conceptual in nature. At this time,
there has been insufficient exploration to define a mineral
resource below the current inferred resources, and it is uncertain
if further exploration will result in the discovery of these
mineral resources.
Previous news that was released dated July 24, 2008 reported
grades from surface trenching at Florida 4. The results indicate
similar surface results to what was encountered on surface and
above the zone of favourable mineralization at Florida 3. Some of
the results previously reported from this trenching program
include:
----------------------------------------
Trenching Results
Trench # Width Au (g/t) Ag (g/t)
No. 1 1.40m 2.49 62
No. 5 5.80m 4.82 131
No. 6 0.80m 2.15 68
No. 7 0.70m 5.97 44
No. 10 2.60m 6.53 80
No. 11 1.40m 3.26 68
No. 12 0.70m 1.13 50
No. 13 1.80m 3.63 64
No. 14 1.40m 0.82 475
No. 15 1.10m 1.93 59
----------------------------------------
The author noted that at the Mina Real Project, the presence of
high grade gold-silver quartz-adularia veins and stockwork veinlets
in the country rocks bears many geological similarities to Sleeper,
Nevada; McLaughlin, California; Hishikari, Japan and Golden Cross
and Martha Hill, New Zealand, all of which were or are significant
gold producers.
The author who is a QP as defined by NI 43-101, has read and
approved the contents of this news release.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
About Rochester Resources Ltd.:
Rochester s a junior gold/silver producer engaged in the
production and the continued exploration and development of its
Mina Real and Santa Fe Properties located in the State of Nayarit,
Mexico. Nayarit is located in the Sierra Madre Occidental range,
the most productive epithermal precious metal region in the world,
which hosts the majority of Mexico's gold and silver deposits. The
Company substantially completed the construction of a cyanidation
processing plant at the end of December 2006. Initial milling
operations commenced in January 2007 with the commissioning process
being completed by May 31, 2007. The Company has, in a very
compressed time frame, acquired, developed and brought into
production a gold property in Mexico. The Company now has an
operating mill which is generating cash flow from operations. The
Company is also implementing an exploration and development program
utilizing funds raised in the capital markets and cash flow from
operations to define resources to support future mining and
production.
Forward Looking Statements
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based
on the beliefs of the Company's management as well as assumptions
made by and information currently available to the Company's
management. Such statements reflect the current risks,
uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic
conditions, customer relations, relationships with vendors and
strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change,
changes in industry practices, and one-time events. In addition,
the Company has not conducted an independent feasibility study on
the Mina Real project which may increase the risk that the planned
operations are not economically viable. Should any one or more of
these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially
from those described herein.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this
release.
Contacts: Empire Communications Inc. Investor Information
Contact (604) 484-0066 Website: www.rochesterresources.com
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